SNAP-ON INC (SNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNA - US8330341012 - Common Stock
Overall SNA gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SNA is only an average performer.
SNA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 341.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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302.38
3 important support areas can be observed.
- A support zone ranging from 332.02 to 341.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 321.38 to 324.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 305.43 to 305.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @349.13 from a horizontal line in the daily time frame.
- Resistance @355.15 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNA is up. |
| ChartMill Relative Strength | 51.43 | NEUTRAL | SNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.8 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests SNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.04 | OVERBOUGHT | The high Stochastics value suggests SNA may be overbought. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for SNA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for SNA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 349.14 | 340.06 | 9.08 (2.60%) | 25.00% |
| An entry @349.14. This is a Buy Stop order right above the resistance zone. | An exit @340.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.08 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
348.43
-3.52 (-1%)
SNAP-ON INC / SNA FAQ
Can you provide the ChartMill technical rating for SNAP-ON INC?
ChartMill assigns a technical rating of 7 / 10 to SNA.
What is the current trend direction of SNAP-ON INC (SNA) stock?
The current trend direction for SNAP-ON INC (SNA) is Bullish.
What is the RSI signal for SNA stock?
SNAP-ON INC (SNA) has an RSI value of 57.8018. This indicates that the stock is currently neutral.
What is the short term momentum for SNA stock?
The short term momentum for SNAP-ON INC (SNA) is positive.
Can you provide the buy/sell signal for SNAP-ON INC?
The buy/sell signal for SNAP-ON INC (SNA) is buy as both the short term and long term trends are positive.